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Business angels are high-net-worth individuals who provide financial backing for small startups or entrepreneurs, typically in exchange for ownership equity in the company. They often bring not only capital but also valuable industry experience, expertise, and networking opportunities to help the business succeed. Business angels are different from venture capitalists in that they usually invest their own money rather than pooled funds from multiple investors. They play a crucial role in early-stage financing and can be instrumental in helping a startup grow and scale.